LTC/USDT – 30M – SELL

The currency pair Litecoin/Tether (LTC/USDT) moves from the descending trendline downwards

A continuation of the downward movement down to the next support level at 52.200000000 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 53.94 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 52.69324 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 53.94 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Last Engulfing Bottom:’ candle pattern is existing. The chart forms ‘Last Engulfing Bottom:’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

53.94 – 53.75 – 54.29 – 52.200000000 – 52.65 – 53.21 —
52.510000000 – 53.110000000 —
33.948654944529 – 50.279545279323 —
52.200000000 – 1772987400 —
53.94 – 1772965800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Bottom: – – –